Shepherdsville, Bullitt County, Kentucky Property Taxes

Name: Property Tax Bills Across Shepherdsville, Bullitt County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Shepherdsville, KY effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Shepherdsville, KY home value: $160,235
Median annual Shepherdsville, KY tax bill: $1,758, $642 lower than the national median property tax bill of $2,400.

How are property taxes in Bullitt County calculated?

Property taxes in Shepherdsville, KY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Shepherdsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shepherdsville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Shepherdsville, Bullitt County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$1,875

$1,740

Ownwell’s Shepherdsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shepherdsville with just two data points. By entering your property's estimated assessed value, our calculator applies Shepherdsville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bullitt County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shepherdsville, Bullitt County, Kentucky

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Shepherdsville’s effective property tax rate to other cities in Kentucky and the median property tax rates in Kentucky and the U.S. Shepherdsville, located in Bullitt County, has a median property tax rate of 1.17%. This is higher than the national median property tax rate of 1.02%. Homeowners in Shepherdsville face a property tax rate that is higher than the average American homeowner. This rate is consistent across Bullitt County, as the highest and lowest median tax rates in the county are also 1.17%. Understanding these rates can provide valuable insights for homeowners looking to manage their property tax expenses effectively.

Property Tax Rates Across Shepherdsville, Bullitt County, Kentucky

Source: Ownwell

1.10%

1.19%

1.27%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Shepherdsville Tax Rate

1.17%

Median Effective Bullitt County Tax Rate

1.18%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shepherdsville, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40165	0.91%	1.15%	1.17%	1.20%	1.26%

Source: Ownwell

Property Tax Assessment Values Across Shepherdsville, Bullitt County, Kentucky

When examining property taxes in Shepherdsville, KY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bullitt County Property Valuation Administrator estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bullitt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Shepherdsville. For example, the median home price in Shepherdsville is $160,235, with tax bills ranging significantly across the county. Zip code 40165 has the highest median home price at $160,235.

Property Tax Assessment Values Across Shepherdsville, Bullitt County, Kentucky

Source: Ownwell

$25,000

$119,142

$213,284

Median Shepherdsville Market Value

$160,235

Median Bullitt County Market Value

$159,604

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shepherdsville, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40165	$18,051	$73,420	$160,235	$232,436	$298,538

Source: Ownwell

Property Tax Bills Across Shepherdsville, Bullitt County, Kentucky

In Shepherdsville, located in Bullitt County, KY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $160,235, homeowners might expect to pay a property tax bill that aligns with the 25th percentile of $778 or the 75th percentile of $2,622, depending on various factors such as exemptions and local levies. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Shepherdsville offers a relatively affordable property tax environment. However, for some homeowners, particularly those at the 90th percentile with tax bills around $3,430, these costs can be burdensome. Ownwell can assist homeowners by identifying potential savings through appeals and exemptions, ensuring that property tax bills are fair and not over-assessed, thereby helping homeowners save significantly on their property tax obligations.

Property Tax Bills Across Shepherdsville, Bullitt County, Kentucky

Source: Ownwell

$313

$1,409

$2,504

Median Shepherdsville Tax Bill

$1,758

Median Bullitt County Tax Bill

$1,790

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Shepherdsville, Bullitt County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40165	$204	$778	$1,758	$2,622	$3,430

Source: Ownwell